An executive of the Angolan state-run diamond trading company says growth in Chinese demand for Angolan diamonds is greater than expected, Lusa reports.
The Portuguese news agency quotes Sociedade de Comercialização de Diamantes de Angola (Sodiam) Manager Fernando Amaral as saying greater demand than forecast in emerging economies such as China and India is set to boost the price of Angolan diamonds.
The report says the price rose by US$12 to US$136.69 per carat in the second quarter of this year.
Sodiam sold 2.3 million carats of diamonds together worth over US$300 million in the second quarter, Lusa says.
